$275,000
SOLD FEB 6, 2017

1620 W Mcdowell Rd Phoenix, AZ 85007

-- Bed
-- Bath
1,116 Sq Ft
6,273 Sq Ft Lot

Recently Sold

$246 Per Sq Ft

1% Above List Price

1 Day on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Ceiling Fan
  • Maie Bartlett Heard Elementary School Rated 9+
  • Central Heating

About This Home

As of February 2017

THIS PROPERTY WAS JUST APPRAISED. NOW LISTED AT BELOW APPRAISAL PRICE.
Will not last! 4plex in beautiful condition, always rented.(2 duplexes on 1 parcel) Great location in historic district. Solid newer block construction, all 4 water heaters new. Roof and AC units are in great condition and regularly serviced Ceramic tile everywhere. Desert landscaping, new paint. Maintenance free property. please email agent for rents, leases and cap rate info

Last Agent to Sell the Property

Rahima Athari

HomeSmart License #BR649712000 Listed on: 01/30/2017

HomeSmart

Last Buyer's Agent

Eric Ford

My Home Group Real Estate License #SA640295000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,141

Year Built

  • Built in 1973

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Kenilworth Elementary School
  • Maie Bartlett Heard Middle School
  • C I Waggoner High School

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot FAIRVIEW PLACE BLKS
  • Assessor Parcel Number 111-07-076

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 6250

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $9,924
  • Net Operating Income $27,562

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,141

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: MULTI FAMILY
  • Number Of Buildings: 2
  • Year Built: 1973
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2058.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Appraisal
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 1700.0

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: C I Waggoner School
  • Middle Or Junior School: Maie Bartlett Heard School

Lot Info

  • Lot Size: 6250
  • Additional Parcels: No
  • Parcel #: 111-07-076

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 2400.0
  • Insurance Expense: 1105.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 27562.0
  • Annual Operating Expense: 9924.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1141.0
  • Tax Book Number: 111.00
  • Tax Lot: FAIRVIEW PLACE BLKS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2021
Sold by
Lucky Old Sun Finance Llc
Bought by
Crsc Residential Inc
Total Days on Market
1
Current Estimated Value
$651,616

Purchase Details

Listed on
Jan 30, 2017
Closed on
Feb 10, 2017
Sold by
Bedok Properties Lllp
Bought by
Lucky Old Sun Finance Llc
Seller's Agent
Rahima Athari
HomeSmart
Buyer's Agent
Eric Ford
My Home Group Real Estate
List Price
$272,900
Sold Price
$275,000
Premium/Discount to List
$2,100
0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.88%

Purchase Details

Listed on
Sep 9, 2015
Closed on
May 2, 2016
Sold by
E Investment Properties Inc
Bought by
Bedok Properties Lllp
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Rahima Athari
HomeSmart
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.33%
Original Mortgage
$156,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 9, 2015
Closed on
Apr 27, 2016
Sold by
Tolly Asset Management Llc
Bought by
E Investment Properties Inc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Rahima Athari
HomeSmart
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2009
Sold by
U S Bank National Association
Bought by
Tolly Asset Management Llc

Purchase Details

Closed on
Jun 19, 2009
Sold by
Castro Jose
Bought by
U S Bank National Association

Purchase Details

Closed on
Jun 3, 2005
Sold by
Castro Virginia C
Bought by
Castro Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 3, 2004
Sold by
Cacuci Mihaela C
Bought by
Cacuci Corneliu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2004
Sold by
Montante Mizraim
Bought by
Cacuci Corneliu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 1996
Sold by
Cho Frederick Y
Bought by
Montante Mizraim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
10.25%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $450,000 First American Title Ins Co
Cash Sale Deed $275,000 Driggs Title Agency Inc
Special Warranty Deed $195,000 None Available
Warranty Deed $185,000 Chicago Title Agency Inc
Cash Sale Deed $60,000 Fidelity Natl Title Ins Co
Trustee Deed $221,007 None Available
Interfamily Deed Transfer -- Arizona Title Agency Inc
Warranty Deed $259,000 Arizona Title Agency Inc
Interfamily Deed Transfer -- Stewart Title & Trust Of Pho
Warranty Deed $155,000 Stewart Title & Trust Of Pho
Warranty Deed $64,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $156,000 Purchase Money Mortgage
Previous Owner $156,000 New Conventional
Previous Owner $207,200 Unknown
Previous Owner $25,900 Stand Alone Second
Previous Owner $207,200 Fannie Mae Freddie Mac
Previous Owner $124,000 Purchase Money Mortgage
Previous Owner $48,000 New Conventional
Closed $9,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2017 02/06/17 Sold $275,000 +0.8% $246 / Sq Ft
01/30/2017 01/30/17 For Sale $272,900 +47.5% $245 / Sq Ft
05/02/2016 05/02/16 Sold $185,000 -7.0% $166 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
09/09/2015 09/09/15 For Sale $199,000 -- $178 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,381 $10,326 -- --
2024 $1,368 $9,835 -- --
2023 $1,368 $38,470 $7,690 $30,780
2022 $1,319 $36,180 $7,230 $28,950
2021 $1,309 $30,930 $6,180 $24,750
2020 $1,324 $26,520 $5,300 $21,220
2019 $1,322 $21,910 $4,380 $17,530
2018 $1,299 $18,720 $3,740 $14,980
2017 $1,269 $14,950 $2,990 $11,960
2016 $1,233 $12,030 $2,400 $9,630
2015 $1,141 $9,720 $1,940 $7,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5553838

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-07-076